M&T Bank Corporation reported net income of $716 million for the second quarter of 2025, resulting in diluted earnings per common share of $4.24. This represents a significant increase from $584 million and $3.32 per share in the first quarter of 2025, and $655 million and $3.73 per share in the year-ago second quarter.
Taxable-equivalent net interest income increased by 1% from the prior quarter to $1,722 million. Noninterest income saw robust growth, rising 12% sequentially and 17% year-over-year to $683 million, including a $15 million gain on the sale of an out-of-footprint CRE loan portfolio and a $10 million gain on the sale of an ICS subsidiary.
Credit quality continued to improve, with the provision for credit losses decreasing to $125 million and net charge-offs falling to 0.32% annualized. The Common Equity Tier 1 (CET1) capital ratio was an estimated 10.98%, and M&T repurchased 6,073,957 shares for $1.1 billion. The Federal Reserve also confirmed M&T's Stress Capital Buffer is estimated to be 2.7% effective October 1, 2025, down from 3.8%.
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